Twin Focus Capital Partners LLC Invests $5.56 Million in Invesco QQQ $QQQ

Key Points

• Twin Focus Capital Partners LLC has invested approximately $5.56 million in Invesco QQQ (NASDAQ:QQQ), acquiring 11,853 shares, making it the 29th largest position in their portfolio.
• During the first quarter, several institutional investors, including Forvis Mazars Wealth Advisors LLC and Global Endowment Management LP, increased their stakes in Invesco QQQ significantly.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, representing an annualized dividend yield of 0.4%.

Twin Focus Capital Partners LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,853 shares of the exchange traded fund's stock, valued at approximately $5,558,000. Invesco QQQ accounts for about 0.9% of Twin Focus Capital Partners LLC's holdings, making the stock its 29th largest position.

Several other large investors have also recently bought and sold shares of the business. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the 1st quarter valued at approximately $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $57,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $0.23 during mid-day trading on Monday, hitting $577.11. 29,721,224 shares of the company's stock traded hands, compared to its average volume of 43,988,752. The firm has a 50 day moving average of $554.13 and a two-hundred day moving average of $514.06. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.